Americanlars Lithium (Americanlars Lithium) Debt-to-Equity : 0.08 (As of Mar. 2024)

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What is Americanlars Lithium Debt-to-Equity?

Americanlars Lithium's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.06 Mil. Americanlars Lithium's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was $0.00 Mil. Americanlars Lithium's Total Stockholders Equity for the quarter that ended in Mar. 2024 was $0.72 Mil. Americanlars Lithium's debt to equity for the quarter that ended in Mar. 2024 was 0.08.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Americanlars Lithium's Debt-to-Equity or its related term are showing as below:

ASALF' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.08 Med: 0.1 Max: 0.11
Current: 0.08

During the past 4 years, the highest Debt-to-Equity Ratio of Americanlars Lithium was 0.11. The lowest was 0.08. And the median was 0.10.

ASALF's Debt-to-Equity is ranked better than
58.94% of 1303 companies
in the Metals & Mining industry
Industry Median: 0.13 vs ASALF: 0.08

Americanlars Lithium Debt-to-Equity Historical Data

The historical data trend for Americanlars Lithium's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Americanlars Lithium Debt-to-Equity Chart

Americanlars Lithium Annual Data

Trend

Sep20

Sep21

Sep22

Sep23

Debt-to-Equity

Americanlars Lithium Quarterly Data
	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial											0.11	-	-	-	0.08

Competitive Comparison of Americanlars Lithium's Debt-to-Equity

For the Other Industrial Metals & Mining subindustry, Americanlars Lithium's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Americanlars Lithium's Debt-to-Equity Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Americanlars Lithium's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Americanlars Lithium's Debt-to-Equity falls into.

Americanlars Lithium Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Americanlars Lithium's Debt to Equity Ratio for the fiscal year that ended in Sep. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0	+	0)	/	0.409
	=	0.00

Americanlars Lithium's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(0.055	+	0)	/	0.717
	=	0.08

Americanlars Lithium (OTCPK:ASALF) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Americanlars Lithium Debt-to-Equity Related Terms

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Americanlars Lithium (Americanlars Lithium) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » American Salars Lithium Inc (OTCPK:ASALF) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

Z3P:Germany USLI:Canada

Address

200 - 551 Howe Street, Vancouver, BC, CAN, V6C 2C2

Website

American Salars Lithium Inc Formerly Blanton Resources Corp is engaged in the acquisition and exploration of mineral properties. The company is currently exploring the Nanaimo Mining Division of British Columbia.

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